LaCie's Fuel drive solves the problem of limited storage in the iPad and iPhone

Apple's iPhone and iPad users will now be able to add 1TB of external storage with LaCie's new Fuel wireless hard drive.

LaCie's Fuel allows users to preserve storage on their mobile devices by moving large files like movies onto the wireless hard drive. Priced at $199, the drive will be available soon, LaCie said.

The files from the drive can be accessed while on the go. Users will be able to upload or download files remotely, effectively creating a personal cloud with Fuel serving as the central repository of data.

The drive has a battery that can provide a 10-hour run time on a single charge, and the product can act as another access point to an existing Wi-Fi network. It can also serve as a router for a wireless network. The Fuel drive is AirPlay compatible, and users will also be able to stream movies from the drive to TVs hooked to Apple's TV device and mirror that content on other iOS devices.

With a USB 3.0 port, the drive can also function as an external hard drive for Macintosh computers. Files can be synced between Mac computers and Fuel with the integration of the Dropbox service.

An application called Seagate Media, which is compatible with iOS, enables the wireless hard drive features. LaCie is a unit of Seagate, but is especially well known among the Mac user community.

The Fuel hard drive was announced ahead of the International CES trade show, which will be held in Las Vegas this week.

At CES, LaCie also plans to announce the Little Big Disk Thunderbolt 2, which the company called the "fastest portable storage" product in the market and is faster than USB 3.0 alternatives. The drive is compatible with the Thunderbolt 2 protocol, in which data is transferred between a host device and peripheral at a 20Gbps (bits per second) clip. Thunderbolt 2 ports are available in MacBook Pro and Mac Pro.